The Washington critic., 1887-05-21

some profit. Another block, No. 1888, dis
posed Of to a Washington syndicate, has
teen sought and an advance offered Of Sll,-
COO over the cost price. Refused.
"These are but samples. We have sold
property this spring in West Washington
that II offered this time last year would not
have brought two-thirds OF what we sold
It for.
1--WE are enthusiastic; yes. We have
reason TO be. Our sales have been brisk;
we have not been compelled to urge pur-
chasers. We take customers over there
and let them look at the property, and they
are satisned-as you will be II you will take
an F street car, ride to Thirty-a street,
and walk a couple Of blocks to one OF the
prettiest, healthIest and most favored places
the District-the garden spot OF Wash
ington."
THE MARCH OF IMPROVEMENT.
Mr.. F. II. Smith was seen by THE CRITIC
man n, his place of business, on F street,
and has this to say OF Georgetown present.
and what he thinks OF the prospects for her
future:
After a careful survey OF the present
status Of the real estate market for suburban
property, we have lately been giving special
attention to Georgetown Heights and prop
erty in the v'cla ty, west and north. George
town Heights are aportlon OF the high
ground extending n,r,h to the Presidents
purchase, and so on to Tenleytown, toward
which the streets and avenues Of the city
will eventually very soon cross Rock Greek
and so bring into direct proximity with the
city itself. Property now on George
town Heights aud vicinity sells
for very little more than on the
same elevation mile further north,
while 1t has the advantage OF being ia the
immediate vicinity of the solidly built por-
tion Of West Washington, with all the i'm
provements Of street-cars, pavements,
water, gas and sewerage. Whenever the rapid
sale OF suburban property for speculative
purposes ceases, all this property, including
the subdivisions Immediately north OF
Georgetown, and Burleith, Immediately west,
will be required for building purposes, and,
whether the present speculative prices 60
up or down, the land will be built up and
become q part Of the city, while the suburbs
mile or more away, covering so large an
area, will evidently develop very soon. We
have therefore advised our customers to
purchase in the immediate vicinity of the
present city limits, and, as have already
said, believe that prices are lower In view
OF the prospective extension Of the city for
building purposes along Georgetown, and
especially to the west than any other dlrec-
ton.
"Until recently Fayette or Thirty fifth
street, which is sslidly built up, has been
the extreme limit. The elevations to the
west and northwest OF this section are su.
perb In the views they afford OF the sur.
rounding country. The water is OF the
purest character. No section can exceed
this In healthfulness. A number OF
of handsome residences are to be erected on
this tract during the present season.
The streets are all ready and O
large portion OF the present sub.
division sold-over one-half believe. AL
though the tract has not been directly placed
in our hands for sale, we have, during the
past week, disposed OF over 200 900 feet to
cash purchasers at the full schedule prices
and l understand that the projectors OF
Burleith have already arranged to extend
their subdivision west aud north covering
100 additional acres. | may add that the
Gable Railroad bill, which passei the Houst
durins the last session, extends some 2,OO(
feet in front of this property.
"The march OF Improvement in Wash
iDgton, as in nearly all other cities, Il
mainly to the north and west, and while
am believer in the safety OF Investments
made at the present ruling prices in an,
OF the suburban ventures In these directions
1t nevertheless is to-day true that the prop
erty which have specially referred to II
the immediate vicinity OF Georgetown, car
be purchased for this same or less price
than other suburbs In the same direction O.
much further away, which, for the present
have no good communication, even by th